UPS VS OPS
Mid and small-cap stocks at 20-year high premium to large caps: Why investors may need to shift fresh money to large caps
In recent times, small and mid-cap stocks have proven to outperform their large-cap counterparts. Despite witnessing market volatility, these smaller equities have continued to attract investor attention and capital inflow. As a result, their valuation levels have surged. Analysts warn, however, that for this trend to sustain, earnings expectations must be fulfilled. Therefore, investors should consider careful portfolio adjustments in response to shifting market conditions.
Flipkart customer orders smartphone but receives soap in sealed box: Sept 18 court order directs full refund with interest & compensation for mental harassment
A Delhi consumer commission has held Flipkart guilty of deficiency in service and unfair trade practice after a customer received bars of soap instead of a Realme Narzo 50A smartphone worth Rs 10,574. The commission directed Flipkart to refund the purchase price with 7% annual interest and pay Rs 5,000 as compensation for mental harassment and Rs 5,000 towards litigation expenses. The company has been given 60 days to comply with the order.
Hidden cost of travel: Visa fees, card markups, optional tours and tips that can add 25-40% to budget; here's how to plan for them
Many travelers fail to account for hidden costs while planning international journeys, often only considering major expenses. These overlooked charges can hike trip costs by 25-40%, creating budget overruns. It's vital to include local transport, dining, and extra fees in your budget to avoid unexpected financial surprises. Employing effective budgeting techniques ensures a smoother and more enjoyable experience abroad.
NC-JCM seeks Old Pension Scheme for NPS employees recruited against pre-2003 vacancies; who can benefit?
The NC-JCM has urged that older vacancy sanction letters be used to assess eligibility for the Old Pension Scheme (OPS). During a meeting with the DoPT secretary, they emphasized the importance of this pension issue. Legal rulings have favored employees recruited post-January 1, 2004, for OPS benefits, as the New Pension Scheme (NPS) took effect for central government workers on that date.
8th Pay Commission pension calculator: Can Level 7 employees get up to Rs 58,000 minimum basic pension after retirement?
8th Pay Commission calculator: The next round of 8th Pay Commission discussions will kick off in Chennai on September 7. Various employee and pensioner groups are set to engage in negotiations over salary, pension, and allowance adjustments. The spotlight will be on the push to restore the Old Pension Scheme and enhance pension rates. Discussions may also explore potential pension upticks for Level 4-7 staff, guided by fitment parameters, while addressing work and logistical issues encountered.
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Wasim Akram says he helped Irfan Pathan become a better bowler, says he now tweets against Pakistan
Wasim Akram recalled helping Irfan Pathan with bowling tips during India’s 2004 Australia tour. Akram praised Pathan’s early progress but noted that the former India all-rounder now regularly posts about Pakistan on social media. Pathan had a strong record against Pakistan, including a first-over Test hat-trick in Karachi in 2006.
With Catalyst 3.0, Zoho focuses on what happens after AI writes the code
Catalyst 3.0 is Zoho’s attempt to close that gap by connecting AI coding assistants directly with the cloud infrastructure needed to run an application.
Guest and temporary teachers: How to build financial security with job uncertainty
Though the integration of temporary faculty reduces the teaching burden for the university’s permanent staff, the former often get the short end of the stick due to large pay disparities, a lack of medical, retirement, and increment benefits offered to regular staff, as well as higher workloads. An uncertain and low income from a temporary teaching job in a college requires prudent handling of one’s finances. Find out how to do it.
Behind the Uber-Rapido merger talks; Honasa’s strong Q1 report
Happy Friday! Uber and Rapido explored combining their India ride-hailing operations in May, sources told us. This and more in today’s ETtech Morning Dispatch.
Ola Electric's PLI woes; Paytm rides MDR hopes
Ola Electric’s auditor has raised a red flag in the company’s Q1 results. This and more in today’s ETtech's Top 5.
Old Pension Scheme option extended to these government employees: Will others also get it?
The Council of Scientific & Industrial Research endorsed the Centre's decision on pension options. This move allows compassionate appointees to opt for the Old Pension Scheme. These individuals applied for jobs before January 1, 2004, but joined later. A key letter from the Department of Personnel facilitated this change for CSIR appointees. Other Central Autonomous Bodies may now follow this precedent for their employees.
Gujarat HC pulls up GST officer for citing non-existent case laws, flags AI misuse in orders
The Gujarat High Court censured a GST officer for depending on unverified AI-produced court citations, which proved fictitious. The errors impacted a matter involving Marhabba Overseas Private Limited. The court called for thorough verification and prudent use of AI in legal processes, granting interim relief to the petitioner and signaling a cautious stance on AI-assisted quasi-judicial decisions.
Will Old Pension Scheme return? Finance ministry clarifies stand on NPS, UPS
The central government will not bring back the Old Pension Scheme for its employees. The Finance Ministry confirmed no proposal exists to replace the National Pension System or Unified Pension System. Several states have reinstated OPS. The Unified Pension System offers a guaranteed minimum pension. Over 1.22 lakh employees have opted for UPS.
Woman shows up demanding job without a resume, but her 'unique' reason for recruitment leaves netizens roasting her
A Redditor shared a bizarre job interview experience where a woman demanded a position at a tech company based solely on her average IQ score. With no resume or qualifications, she insisted her intelligence alone made her the ideal candidate. The internet quickly roasted the entitlement, pointing out that actual skills and experience—not just IQ—matter in hiring.
UEFA Europa League Rangers vs Athletic Bilbao: Live streaming, key stats, predications, starting XI and more details
Rangers welcome Athletic Bilbao to Ibrox for the first leg of their UEFA Europa League quarter-final clash. The Spanish side, led by the in-form Williams brothers, is aiming to secure a historic European title, while Rangers look to upset the odds at home. With high stakes and elite talent on show, a thrilling encounter awaits in Glasgow.
Joe Biden administration was terrible: George Clooney explains why Donald Trump won US election
Months ahead of the November 5 US presidential election last year, George Clooney's op-ed played a key turning point in Joe Biden's campaign and played a part in his exit from the presidential race. Clooney now says that the Biden administration was "terrible" in explaining that the US is a world economy since their "messenger was not working at his best".
Exciting Bowl Game Action on December 31: Full Schedule and Previews for Fiesta Bowl, ReliaQuest Bowl, Sun Bowl, and More
The Bowl Game Schedule Today promises an exciting lineup for college football fans with five thrilling matchups on December 31.
Switch to UPS from NPS: 5 questions government employees must ask before opting for Unified Pension Scheme
Unified Pension Scheme: The government has yet to bring the notification regarding the Unified Pension Scheme or UPS. It may seem like switching to UPS from NPS is a lucrative option. However, there are 5 questions a central government employee must ask themselves before making a final decision.
Unified Pension Scheme or UPS vs NPS: Which will help central government employees build a bigger retirement corpus?
This new pension vehicle is clearly aimed at addressing the perceived shortcomings of the NPS among a large swathe of government employees. When the NPS was first introduced in 2004, it completely revamped the prevailing pension architecture, now referred to as the Old Pension Scheme. Though UPS promises guaranteed, inflation-linked pension, NPS offers the potential of a bigger corpus.
UPS differs from OPS in pension calculation, minimum pension amount, lumpsum payment, employee contribution
Unified Pension Scheme: The govt announced the Unified Pension Scheme (UPS) for government employees on August 24, 2024. The new pension scheme is a mix of the old pension scheme (OPS) and the national pension system (NPS). However, the UPS seems to be a better deal for government employees than OPS. Read on to know why.
Unified Pension Scheme (UPS) for central government employees approved: 5 important things to know
Unified Pension Scheme (UPS): The Union Cabinet, with Prime Minister Narendra Modi as the chair, approved the Unified Pension Scheme (UPS) for central government employees on Saturday. Effective April 1, 2025, this scheme is expected to benefit 23 lakh central government employees.
Ahead of polls, Maharashtra becomes first state to approve Unified Pension Scheme
The Maharashtra Cabinet has given the nod to the central government's Unified Pension Scheme, starting April 1, 2025. This scheme integrates features of both the old and new pension systems, offering a guaranteed pension amount. Employees with 25+ years of service will receive 50% of their last salary, along with inflation-adjusted increases.
UPS vs NPS vs OPS: How the three pension schemes stack up against one another
The Modi government has introduced a new Unified Pension Scheme (UPS) offering a 50% assured pension for central government employees who joined after January 1, 2004, under the National Pension System (NPS). This scheme, effective from April 1, 2025, allows NPS subscribers to switch to UPS, securing an assured pension starting from the next financial year. The move comes as several non-BJP states have reverted to the DA-linked Old Pension Scheme (OPS), with growing demands for similar changes elsewhere.
OPS vs NPS: Demand to restore OPS in place of NPS for central government employees; know what Govt says
OPS vs NPS: In a memorandum dated January 11, 2024, the Joint Forum for Restoration of Old Pension Scheme(NJCA), constituted under the banner of the NJCA, demanded that the finance ministry should restore the defined non-contributory and guaranteed Old Pension Scheme in place of contributory National Pension System for central government employees. The department of expenditure of finance ministry responded to the memorandum. Here's what it says
The Jat stumbling block for BJP
Five of BJP’s six top Jat leaders were handed a humiliating defeat. Apart from the anti-incumbency, BJP’s Jat leaders were not seen representing community interests in the party. Of the 36 constituencies, Congress won 15, BJP 10, JJP 7, INLD 1and others 3.
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